Propel Morning Briefing Mast Head CPL Learning Link Paul's Twitter Link Hobgoblin Banner
Morning Briefing Strap Line
Thu 19th Dec 2019 - and Prosus table new and final Just Eat offers and Prosus table new and final Just Eat offers: The two companies bidding to buy Just Eat have tabled new and final offers. Dutch delivery firm increased its bid on Thursday (19 December) minutes after Prosus improved its offer., which has already agreed a merger deal with Just Eat, made an offer it said valued the company at 916p per share based on its closing price on Wednesday (18 December), an increase from its previous offer of 731p per share. said the offer would be its “final” bid. Prosus, which has vied with in the takeover battle for months, had earlier increased its own offer to 800p per share. said Just Eat shareholders would own 57.5% of the combined group as part of the bid, up from 52.12% under its previous offer. The company said the offer would remain open for acceptances until 10 January, with a majority vote required. also said it would sell Just Eat’s stake in iFood following completion of a merger, returning 50% of the proceeds to shareholders in the new business. Jitse Groen, Takeaway chief executive, said: “This offer is a full offer, and on top of that we believe it provides Just Eat shareholders with tremendous upside. The all-share combination establishes the largest global platform in online food delivery outside China and allows shareholders of both Just Eat and to benefit from significant long-term value creation.” Prosus, which spun off from South Africa’s Naspers earlier this year, said its 800p per share offer would provide “outstanding value” for Just Eat’s owners. It is the third time Prosus has increased its offer since trying to muscle in on the deal between Just Eat and “Following extensive discussions with Just Eat’s and Prosus’s shareholders, we have decided to make a final increase in our cash offer to 800p per share,” said Prosus chief executive Bob van Dijk. “This level delivers outstanding and certain value to Just Eat shareholders while also providing an appropriate return for our own shareholders, given strong levels of competition and significant investment required to reinvigorate growth. We urge Just Eat shareholders to accept this final offer and bring the uncertainty around Just Eat’s future to a close.” Just Eat stated: “The board is reviewing the final Prosus offer and the final offer. Shareholders are advised to take no action with regards to the final offers at this time.”

Return to Archive Click Here to Return to the Archive Listing
Punch Taverns Link
Return to Archive Click Here to Return to the Archive Listing
Propel Premium
Jameson Banner
Fentimans Banner
me&u Banner
Trail Banner
Transition Banner
Knorr Banner
Propel Banner
Jacuna Banner
Molson Coors Banner
Amstel Banner
Zonal Banner
Toggle Banner
Bizimply Banner
Zonal Banner
Heineken Banner
Taylors of Harrogate Banner
Sky Banner
Hello Beer Banner
John Gaunt Banner
COREcruitment Banner
KAM Media Banner
Access Banner
Startle Banner
Reputation Banner
Veneers Banner
Just Eat Banner
Yapster Banner
Punch Taverns Link Punch Taverns Link
Pepper Banner